Egypt has welcomed the second phase of a $1bn development financing programme with the World Bank and looks forward to a third phase, Foreign Minister Badr Abdelatty said.
The remarks came during Abdelatty’s meeting with World Bank Vice President for the Middle East and North Africa Ousmane Dione and International Finance Corporation Vice President for Africa Ethiopis Tafara. Dione praised Egypt’s economic resilience amid regional challenges thanks to structural reforms and a flexible exchange rate.
Abdelatty reaffirmed the government’s commitment to its reform programme and the expansion of its state IPO programme. He highlighted efforts to empower the private sector through tax incentives, customs facilitation and digital services.
He called for deeper cooperation in health, water, energy, food security and digital transformation, building on the World Bank president’s March visit to Cairo. Abdelatty also sought to broaden ties with the IFC in electricity, tourism, agriculture and support for small enterprises.
